Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter+0.095%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.095% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02099	0.0096	pay 0.0012% / 1h	59m 27s	$8K	$26K	3x
Short	MEXC SKR_USDT	0.02101	0.0100	get 0.0050% / 4h	3h 59m	$5.0M	$807K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee MEXCbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0.84
Price spread: +0.095% → 0.000%: $9.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.37
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	1.66 bp	8.4 bp −$8	55.8 bp −$558	315.2 bp −$31.5K	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKR-USDT	−0.0140%	4h	0.02111	+0.538%	$239K	$166K	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02099	long leg	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02102	+0.114%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02100	+0.018%	$26K	$118K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02101	+0.059%	$3.7M	$27.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02101	+0.081%	$4.7M	$10.7M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02101	+0.081%	$994K	$1.7M	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02101	+0.095%	$5.0M	$807K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02100	+0.005%	$765K	$1.5M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02103	+0.157%	$1.6M	$3.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02100	+0.043%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02101	+0.071%	$52K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02098	−0.081%	$1K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02109	+0.433%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.1148%	1h	0.02110	+0.524%	$4K	$9K	3x	as long as short